Endowments are long-term investments in UND that benefit students, faculty, or programs year after year.
The UND Alumni Association & Foundation manages and invests endowed funds to ensure a dependable income stream for designated areas across campus. A portion of the return on your investment is added to the principal to help grow the fund and protect it from inflation, ensuring your endowment will be supported far into the future. Once an endowment is minimally funded, the University receives a portion of the fund's market value to support the program you choose.
Endowments can be established through one-time gifts, wills & living trusts and multi-year pledges. They can be created with gifts of cash, securities and other assets. An individual or group may establish an endowment and anyone can contribute to an endowment at any time. Gifts at certain levels may offer donors naming opportunities.
Our development team can assist you and/or your professional advisor in creating a fund in accordance with your wishes.
There is a federal tax deduction for charitable contributions. Some states, including North Dakota, give tax credit for gifts to endowments. If you pay income taxes in North Dakota, you may be eligible for a 40% state tax credit. Consult your tax advisor to optimize tax benefits.
A strong endowment increases the University’s ability to more readily predict one of its revenue streams, acting as a potential buffer for political or economic fluctuations. Because an endowed fund continues in perpetuity, an endowed gift has both an immediate and a continuing impact on the University today and in the future.
Review the Most Recent Endowment Report
Types of Endowments
A scholarship is used to recruit and retain students by providing financial support to fund student tuition, fees, books, and room and board.
Chair: $2.5 million
A chair is the most prestigious named position. This senior exceptional faculty member has achieved the rank of full professor in their field.
Professorship: $1 million
A professorship recognizes a gifted faculty member who has achieved the rank of full professor of national or international prominence.
A fellowship recognizes the University’s desire to support scholarly endeavors in teaching or research. The Dean of the college/school and the appropriate University Vice President deem how endowment income is used based on the University’s strategic priorities and the academic pursuits of the fellowship holder.
Faculty Support: $25,000+
Excellence Endowments: $5 million
Excellence endowments generate support for the University’s mission and support strategic priorities within the unit.
VP Initiatives: $2 million
These endowments provide income to support initiatives by a Vice President of the University in accordance with the University’s strategic priorities: enrich the student learning experience, encourage gathering, facilitate collaboration, expand UND’s presence, and improve the quality of life for faculty and staff.
Lectureships, Symposia, Panels, Seminars: $500,000 - $1 million
These endowments help cover expenses for bringing renowned scholars, speakers, or experts to campus or planning symposia, panels, seminars, or lectureships in specific areas and/or on specific topics. The endowed fund and the symposia, panels, seminars, or lectureships may carry the name of the donor or someone of his/her choosing. Lectureships may include presentations by prominent faculty on our own campus.